Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1887-10-06
GEN. BUTLER'S ADVICE.
A FEW FINANCIAL RULES FOR 4
YOUNG MAN TO FOLLOW.

Nothing 80 Safe for an Investment "s
Improved Real Estate-A hit ~ the
Generals SUPPLEMENTARY Pru-
dent, Saving Girl.
think that more young men fail in tho III
yestment OF what they earn or receive than
in any other way to acquire property. The
foundations to speculation are so great, and
tho desire u become suddenly rich 70 strong,
that believe eight out Of ten, IL not more, OF
young men are wrecked at the very Begin
ming.
: When young man has very little money
let him buy some property. preferably
piece, however small, according to his means,
of improved real estate that is paying rent.
He had better buy it when sold at auction.
under judicial sale, paying I'm cash what no
can, giving his notes for the balance in small
SUMS coming due at frequently recurring In
tervalx. secured bya mortgage on the prop
crty, and then use all his extra income in
paying up those notes. 1t IL always safe to
discount your own note, and il the notes
come u little too fast, as soon as he gets my
thing paid his friends will aid him when
he is putting his money where 1t can
not b lost, and where the property Is taking
care OF the interest, and In very short time
he will find that he has got very consider
able investment. He will be, ONE interested
In it, save his money to meet his notes, ard
he will directly come into considerable pos
session of property, and hardly know how it
came to him. That Is, he will have Ind
motive for saving, and will get the result OF
that saving, and will not he tempted to enter
into speculatiOnS.
SAFE INVESTMENT.
Nothing Is 30 safe for an investment as I'M
proved real estate. Nothing is likely to grow
IN value faster In the last fifty years 90 per
cent. OF all the merchants and traders in
Boston have failed In the last fifty years 30
ter cent Of all the business corporations have
failed or gone out OF business. so TINT their
stock has been wiped out. In the last fifty
years Nil the improved real estate, on tho
average, has paid its interest and taxes and
quadrIple.i in value. II young mans father
can give him anything to start him In the
world, he had better invest 1t in that why
and let it accumulate, and earn his living,
and he will I've richer than il he had gone into
business Jay Gould Is snid to have started
from a mouse trap seller f0 become million
aire. Assuming that to he true, he is only
one OF Go, NO, 600 OF people, and il any Young
man thinks that ne ia going :" mitnt" Jny
Gould, there nrc G0, 100000 of chances to one
that hc won't succeed.
The rule would lay down for a young man
l. never to 10 mean thing for money. BE
prudent and saving Of your money. BE care
full to have no interest account running
against you unless you have All equal or
greater interest account running in your
favor. Work diligently and you are SURF Of
competency In your old age, and AZ early NJ
possible, il you can find a saving, prudent
girl VIII > has been brought up by = mother
who knows how to take caro- OF house, make
q wife Of her, aud she will aid and not hinder
you.
4 BIT OF EXPERIENCE.
I claim no originality in this advice, and
will relate you an incident IN my own rx-
rericncc to illustrate it: In my earliest prac-
tice in my profession was quite successful In
earning money, and had IL small balance In
tho Lowell bank, at the head Of which was
Mr. James G.. Carney. The bank was directly
across the hall from my Office. stepped into
the hank to deposit little money on one &C.
casion, and Mr.. Carney said 70 me: "Why
don't you invest your raoneyi' Invest"
said I; II have nothing to invest. "Oh, yes"
he says, "you have quite a little sum OF
money, and l sec that your young friends
come with your checks occasionally, evident
ly borrowing it, Now. you had better invest
It," "How can l invest itr' "Invest 1t In
real estate" II know nothing about real
estate"
600 70 the hrst auction and buy tho
property. You cannot be much cheated IN
that because you will have 70 give very little
more than somebody else will bc willing to
pay for It, save your money, collect your
fees, pay your notes as they become due Sec
that the property Is improved property, so
that tho rent will keep down your interest ac-
count, and when you get any other money IN
vest it in tho Same way, and II your notes
press upon you a little faster than you can pay
them, why, We will, when We find that is what
you are doing with your money, discount your
note and give You little more time, so that you
can nay 1t up. This will necesitate tho prompt
collection Of your bills, for know that you
would rather work and earn 600 than dun
man for It, unless You have n pressing need
for it. You have not even asked for little
bin that wo owo you In the bank, which
shows mo that you do not promptly collect
your dues" l followed tho advice and
bought a number Of pieces OF property IN
Lowell that came to me In that way. can
only say that wish had been wise enough
to have continued this course through life.
do not think need to extend these sug-
Gestions any further, because il young man
won't mind these he won't any others, and ]
cannot suggest any better onex-Benj nmin
r. Butler in New York Sun.